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history of Hungary

...Peter Medgyessy, guided Hungary to membership in the EU in 2004 but also became the first postcommunist premier to resign, after losing the confidence of his party. He was succeeded in late 2004 by
Ferenc Gyurcsány, a onetime party bureaucrat who made a fortune in the free-for-all business activities in the 1990s, including profiteering from the privatization of Hungarian state assets....

Hungarian Socialist Party

...in the legislature and formed a coalition government; the coalition was reelected in 2006. Later that year a political scandal erupted as a result of a “secret speech” by Prime Minister
Ferenc Gyurcsány to MSzP in which he admitted to the party’s failure to address the country’s economic problems and to its mendacity in process. After the Hungarian economy was perched on the...